Yen's Weakness Likely Rooted in Fundamental Factors
Dow Jones
4 hours ago
0228 GMT - The primary driver of the yen's weakness is fundamental issues on the Japanese side, such as a widening digital services deficit, as well as expanding foreign investments by domestic individuals and companies, says Shota Ryu, a strategist at Mitsubishi UFJ Morgan Stanley Securities. Speculators have built up huge bets against the yen in the futures market, indicating that trading has become overheated, Ryu says. This would justify Tokyo's intervention to prop up the yen, he adds. Finance Minister Satsuki Katayama said Tuesday the government stands ready to take "decisive" action in the currency market as needed.(megumi.fujikawa@wsj.com)
(END) Dow Jones Newswires
June 29, 2026 22:28 ET (02:28 GMT)
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